Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>BP's fourth quarter and full-year 2023 earnings call updates showcase the company's robust growth strategy and progressive journey from an international oil company (IOC) to an integrated energy company (IEC).</li><li>The firm shows a steadfast commitment to rendering higher margins with reduced emissions, evident from the introduction of biofuels, sustainable aviation fuel and biodiesel to customers while concurrently reducing their plants' carbon footprints.</li><li>Over the past four years, BP’s reputed trading organization has optimized these chains to drive returns surpassing industry standards.</li></ul>

BP's fourth quarter and full-year 2023 earnings call updates showcase the company's robust growth strategy and progressive journey from an international oil company (IOC) to an integrated energy company (IEC).The firm shows a steadfast commitment to rendering higher margins with reduced emissions, evident from the introduction of biofuels, sustainable aviation fuel and biodiesel to customers while concurrently reducing their plants' carbon footprints.Over the past four years, BP’s reputed trading organization has optimized these chains to drive returns surpassing industry standards.

BP p.l.c.: A Story Of Strategic Transition To Optimize Profitability & Sustainability! - Major Drivers

<ul><li>BP's results were a major disappointment as the company failed to meet the revenue expectations as well as earnings expectations of Wall Street.</li><li>They reported strong operational performance, with upstream plant reliability and refining availability at 96% year-to-date.</li><li>In this report, we have carried out a fundamental analysis of the historical financial statements of the company.</li></ul>

BP's results were a major disappointment as the company failed to meet the revenue expectations as well as earnings expectations of Wall Street.They reported strong operational performance, with upstream plant reliability and refining availability at 96% year-to-date.In this report, we have carried out a fundamental analysis of the historical financial statements of the company.

BP plc: A Disappointing Quarter: A Deep Dive into the Unexpected Setbacks! - Major Drivers

<ul><li>BP's results were a major disappointment as the company failed to meet Wall Street's revenue and earnings expectations.</li><li>Additionally, the strategic focus on transition growth engines, such as convenience business, EV charging, bioenergy, hydrogen projects, and renewables, positions the company as a proactive player in the changing energy landscape.</li><li>In this report, we have carried out a fundamental analysis of the historical financial statements of the company.</li></ul>

BP's results were a major disappointment as the company failed to meet Wall Street's revenue and earnings expectations.Additionally, the strategic focus on transition growth engines, such as convenience business, EV charging, bioenergy, hydrogen projects, and renewables, positions the company as a proactive player in the changing energy landscape.In this report, we have carried out a fundamental analysis of the historical financial statements of the company.

BP p.l.c.: Are Alternative Energy Projects Really A Growth Catalyst? - Major Drivers

Product Marketing Manager, Criat

Raghav Chandra Mathur

Product Marketing Manager

Next-Generation Credit Analytics Provider

Criat

Criat specializes in new-generation data-driven credit analytics. Leveraging our industry-leading DeepCredit analytical technologies, we produce daily-updated forward-looking credit assessment and valuation to help financial institutions stay ahead of risks. Coupled with use-case-driven applications, we extract insights, answer questions and enable smarter credit decisions.

Thematic (Sector/Industry)

<ul>
<li>Oil spot prices have gained at a relatively stable pace since the start of 2024, with crude prices rising close to 19% year to date.</li>
<li>Robust demand due to recovery in economic activity across major markets has been a steady tailwind to oil prices despite the prevalent geo-political catalysts that have spurred across global markets.</li>
<li>Globally listed oil and gas producers and service providers have therefore seen a marginal improvement in their aggregate credit risk profiles, with their Criat Credit Cycle Index (CCCI) dropping by close to 2bps over the same period.</li>
</ul>


Oil spot prices have gained at a relatively stable pace since the start of 2024, with crude prices rising close to 19% year to date.
Robust demand due to recovery in economic activity across major markets has been a steady tailwind to oil prices despite the prevalent geo-political catalysts that have spurred across global markets.
Globally listed oil and gas producers and service providers have therefore seen a marginal improvement in their aggregate credit risk profiles, with their Criat Credit Cycle Index (CCCI) dropping by close to 2bps over the same period.


Global O&G Firms' Credit Quality Improves on Tighter Oil Markets

<ul><li>BP delivered a mixed set of results with revenues below the analyst consensus estimate but managed an earnings beat.</li><li>Underlying earnings were $5 billion for the first quarter, and the company decreased net debt to $21.2 billion.</li><li>Looking ahead, the company remains focused on delivering strong results with good momentum throughout its organization.</li></ul>

BP delivered a mixed set of results with revenues below the analyst consensus estimate but managed an earnings beat.Underlying earnings were $5 billion for the first quarter, and the company decreased net debt to $21.2 billion.Looking ahead, the company remains focused on delivering strong results with good momentum throughout its organization.

BP p.l.c.: The NewMed Investment & Other Developments

United Kingdom

BP P.L.C is an energy company. The Company explores and produces oil and natural gas, refines, markets, and supplies petroleum products, as well as generates solar energy, and manufactures and markets chemicals such as terephthalic acid, acetic acid, acrylonitrile, ethylene, and polyethylene. BP serves customers worldwide.

BP (BP US)

BP p.l.c.: A Story Of Strategic Transition To Optimize Profitability & Sustainability! - Major Drivers

BP's fourth quarter and full-year 2023 earnings call updates showcase the company's robust growth strategy and progressive journey from an...

Baptista Research

BP plc: A Disappointing Quarter: A Deep Dive into the Unexpected Setbacks! - Major Drivers

BP's results were a major disappointment as the company failed to meet the revenue expectations as well as earnings expectations of Wall...

Baptista Research

BP p.l.c.: Are Alternative Energy Projects Really A Growth Catalyst? - Major Drivers

BP's results were a major disappointment as the company failed to meet Wall Street's revenue and earnings expectations. Additionally, the...

Baptista Research

Global O&G Firms' Credit Quality Improves on Tighter Oil Markets

Oil spot prices have gained at a relatively stable pace since the start of 2024, with crude prices rising close to 19% year to date. Robust demand...

Criat

BP p.l.c.: The NewMed Investment & Other Developments

BP delivered a mixed set of results with revenues below the analyst consensus estimate but managed an earnings beat. Underlying earnings were $5...

Baptista Research